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Saudi Re announces a significant development of signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL) to purchase 49.9% of the shares of PHBL

Following announcement on 30-07-2017, with respect to Saudi Re announcing signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.9% of the ordinary shares of PHBL, Saudi Re is pleased to announce that Lloyd's has granted the required approvals on 26/9/2017 subject to receipt of the approvals of the Saudi Arabian Monetary Authority (SAMA) and the Bermudian Monetary Authority.


Saudi Re shall announce any significant developments in due course.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price Net Change
8.6 -0.06 (-0.69%)
Value Traded (SAR) Volume Traded
13,914,449.59 1,600,621

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